LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global liquid applied membrane (LAM) market for construction industry report. This research report also lists five other prominent vendors that are expected to impact the market during the forecast period.
The global LAM market for the construction industry is expected to grow steadily during 2017-2021. By region, APAC was the largest and the fastest growing market in the global LAM market for the construction industry. Growth in the construction industry, especially in the developing economies, advantages of using membranes, and an increasing shift toward energy-efficient buildings, and stringent building regulations drive the market growth.
Competitive vendor landscape
The global LAM market for the construction industry is fragmented and is characterized by the presence of many vendors. This is leading to intense market rivalry and is posing barriers to the entry of new players. The industry requires local production as transportation costs account for a significant portion of the total costs and as the customers prefer shorter delivery times.
“The production process in the industry is highly automated, which reduces competition from outsourcing. The market is characterized by differences in building regulations and building styles across the globe,” says Mahitha Mallishetty, a lead bio-chemicals and bio-materials research analyst from Technavio.
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Top five LAM market vendors for construction industry
BASF
BASF is a leading supplier of high-quality raw materials for industrial floorings, grouting, anchoring systems, concrete reconditioning and preservation substances, crack isolation, and tiling products (which include pigments, resins, additives, and waterproofing membranes) for enhancing the surface properties and for isolating and preventing corrosion.
Saint-Gobain
Saint-Gobain is a leading provider of building materials, including both interior and exterior materials, such as plaster, acoustic and thermal insulation, wall facings, roofing, and pipe systems.
Sika
Sika is one of the prominent providers of concrete, liquid applied waterproofing membranes, roofing, sealing and bonding membranes, including LAMs for crack isolation and sealing protection.
SOPREMA Group
SOPREMA Group provides waterproofing membranes, including, bituminous, liquid, and synthetic membranes. It also offers a wide range of waterproofing resins, including PRIMAIRE ACR (acrylic primer), ALSAN EP 120, and ALSAN PRIMAIRE H80. Apart from waterproofing membranes, the company also offers substances that are essential for roofing, such as underlays and sheets, green roofing (both on roofs and walls), and solar energy (photovoltaic cells) for energy efficient buildings.
The Dow Chemical Company
The Dow Chemical Company is one of the prominent providers of building and construction solutions, which include coating materials, energy and water solutions, and performance monomers. It also provides solutions (insulation, air sealing, roofing, and weatherization solutions) for both residential and commercial segments.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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